Latest news from Heavy Lift & Project Forwarding International Magazine

SMIT achieves net profit of EUR 28 million in first quarter

May 14 - Net profit for SMIT in the first quarter of 2009 amounted to EUR 28 million, including a net contribution of EUR 10 million from the financial settlement of the 'Thunderhorse' project, without which, net profit from normal operating activities sh

SMIT's CEO, Ben Vree, explains: "It is obvious that the present recession is also affecting our industry. 

"Particularly in the harbour towage market and in the spot market of the Transport & Heavy Lift Division, we see the effects of the current recession due to the large number of laid-up vessels, as well as cancelled and delayed projects. 

"More vessels are being laid-up on a daily basis, resulting in a further decrease of shipping activities during the first quarter of 2009. 

"We feel, however, that this recession will generate opportunities for us as well. The trend towards consolidation in our industry will accelerate, which means that we may expect to expand our global network." 

Heavy Lift | News

UHL boosts fleet with 12 ships thumbnail image

UHL boosts fleet with 12 ships

January 23 - United Heavy Lift (UHL) has updated its fleet list to include nine Eco Lifter multipurpose vessels that were previously delivered to Zeamarine. 
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Navigating Sulphur 2020 thumbnail image

Navigating Sulphur 2020

January 24 - The International Maritime Organization (IMO) has praised the implementation of the 0.5 percent sulphur cap on marine fuel, claiming that, so far, the transition has been “relatively smooth”, although charter party disputes are expected to emerge soon.
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